L 19.25
S 17.25
T 28.25
Edit:
TS: 18.75
TS 20.75
S 17.25
T 28.25
Edit:
TS: 18.75
TS 20.75
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trading NQ Using PA Only
- Thread starter eminitrader007
- Start date
Okay, but bear in mind that there are different ways of trading PA. While channels may have some merit, I find that they are a fairly blunt instrument given to frequent false signals and generally require larger stops than I prefer for my own trading.Quote from eminitrader007:
Agree, but when you get stopped out on every trade for a week, it is time to re-evaluate. I was doing good when the market was up. I can just wait to see if the market holds the 880 support and if it does then back to my normal set-up.
Today I took only 1 trade for a loss of -1, had I not used the TRIN to enter I would have been stopped out on every trade.
There were 2 set-ups today. One was good for 9 points and the other was a loss of 2 points. I was busy today so did not get a chance to trade.
good day overall. I was able to catch the morning rally. I received few PMs and suggetions. One of the suggestion was to not take a trade if the low today is less than the low yesterday. This is a good suggestion. I started looking at support and resistance on the daily and 30 minute chart too.
3 trades...3 winners.
Total 12.5 points before commissions.
3 trades...3 winners.
Total 12.5 points before commissions.
Attachments
BL: 83.25
S: 81.25
T: 92
This is a different set-up that I trade than the one mentioned in the first post.
Edit:
Filled
S: 81.25
T: 92
This is a different set-up that I trade than the one mentioned in the first post.
Edit:
Filled
2 resting orders,
BL: 68.25
S: 66.75
BL: 66.25
S: 64.25
Trading longer time frame.
Target 91 or exit at close.
Edit.
Since the exit of 1 is close to entry of 2, I'll move the stop to 64.75.
BL: 68.25
S: 66.75
BL: 66.25
S: 64.25
Trading longer time frame.
Target 91 or exit at close.
Edit.
Since the exit of 1 is close to entry of 2, I'll move the stop to 64.75.
Stopped out on the first trade and went long at 66.25.
2 trades, 1 win (7.75), 1 loss (-1) for a total gain of 6.75 before commissions. Good day because I entered the limit orders and stops and went away from the computers and came back 30 min before close only.
2 trades, 1 win (7.75), 1 loss (-1) for a total gain of 6.75 before commissions. Good day because I entered the limit orders and stops and went away from the computers and came back 30 min before close only.